Clarification on Rs 5,400 Cr RLDA land bid at Bandra East

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OBEROIRLTY · price

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₹1541.20

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.3%+0.8% vs market

Residential Commercial Projects peers, median of 61sector-1.1%+1.5% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Midcap 150 and 1.5 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Midcap 150Sector · Residential Commercial Projects peers, median of 61Pending

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AI summary

Oberoi Realty clarifies its Rs 5,400 Cr bid to RLDA for a 99-year lease of about 11 acres of railway land in Bandra East, adjoining Western Express Highway, Mumbai, with FSI potential of about 19.50 lakh sq ft. Of the total, Rs 495 Cr is payable upfront in two installments within 150 days of demand (Rs 247.50 Cr each). The balance Rs 4,905 Cr is the NPV of a 45 percent revenue share payable from time to time till 2038, discounted at 10.75 percent. The company will bear the entire cost of development and construction.

Likely market impact

Confirms large long-term commitment for a marquee Bandra East project; cash outflows are staggered through 2038 reducing near-term strain.